Mish’s Daily: Massive Weekly Price Consolidation Will Show the Way
Mish’s Daily: Massive Weekly Price Consolidation Will Show the Way
Written by Michele ‘Mish’ Schneider
I will keep showing these weekly charts up until and after these massive trading ranges reconcile up or down.
Will they all reconcile at one time?
Maybe but unlikely.
Will some remain rangebound?
For a time yes, but then gravity or FOMO will change that.
Are there sectors that are more important than others in the overall macro?
For sure.
Semiconductors SMH as the leader will be compelling over the range.
Just as Granny Retail as 70% of the GDP should XRT fail the range, be equally if not more compelling.
The bigger point is that we HAVE something tangible to watch.
Something, that speaks louder than any pundits’ words or “what if” speculations.
Want to see Mish explain consolidation and give you actional prices to follow?
https://stockpick.app/videos/investor-education/6407
Consolidation is one of our favorite chart patterns, especially when prices are consolidating at new highs or lows.
The direction the price follows, up or down out of the consolidation can lead to explosive moves.
For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.
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Mish in the Media
Stockpick.app Mish teaches you why this most powerful chart pattern will lead you to stay on the right side of the market. 04-08-24
The Final Bar with StockchartsTV Mish covers uranium, solar energy and forex with Dave Keller 04-02-24
Making Money With Charles Payne Mish talks about small and mid-cap stocks and why sticking to companies with strong balance sheets and earnings growth makes for best investments 04-02-24
CNBC Worldwide Exchange Tesla is one aspect of a much larger megatrend in EVs. Mish covers the advantages/disadvantages of the company and the space 04-02-24
Neil Cavuto Fox Business Mish and Frances talk rising inflation, keeping current rates, sentencing SBF and trying to stop a train with talk 03-29-24
Business First AM Listen why Junk Bonds, Microsoft, Retail and Natural Gas all have something to say 04-02-24
Schwab Network Mish goes through why it may not matter as commodities are picking up regardless. 03-28-24
Stockpick.app Mish takes you through retail, gold miners, DJT and Netflix 04-01-24
Business First AM Mish tells you why she likes gold miners and feels they could run more 03-28-24
CNA Asia First Where will money rotate after the FOMC-Mish talks to Singapore 03-20-24
The Morning Run BFM 89.9 Malaysia Business radio What’s next for interest rates, Fed policy and why we need to watch long bonds 03-20-24
Business First AM Mish checks the charts on commodity prices 03-20-24
Schwab with Nicole Petallides –Mish covers her predictions and why solar should be watched along with commodities and long bonds 03-15-24
Real Vision Daily Briefing Mish goes through all the factors to watch for the stocks and commodities next big moves 03-18-24
Financial Sense Jim Pupluva Mish and Jim talk about the signs of inflation and recession-both are still on the table 03-15-24
Business First AM Identifying Warning Signs and why Alibaba 03-13-24
Coming Up:
April 9 Wealth365
April 9 CNBC Asia
April 17 Schwab Network
April 17 Singapore Radio
Weekly: Business First AM, CMC Markets, andnew to us-stockpick.app
ETF Summary
S&P 500 (SPY) 520 now resistance
Russell 2000 (IWM) 201 support
Dow (DIA) 385 support 400 resistance
Nasdaq (QQQ) 440 the pivotal area
Regional banks (KRE) 45-50 range
Semiconductors (SMH) 223 pivotal
Transportation (IYT) 68 area support
Biotechnology (IBB) 135 resistance
Retail (XRT) 74.50 pivotal
iShares iBoxx Hi Yd Cor Bond ETF (HYG) 76.50 support and back over 77 better
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